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Depreciation and Resale Value?

 
Old 08-17-18, 04:57 PM
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sgtLC
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Default Depreciation and Resale Value?

A few weeks back I bought my LC and I was initially looking to lease. The sales person had given me a depreciation estimate depending on how long I lease and it was 3 years worth $47k and for 4 years it was $37k, both at 15k miles/year. That seems kind of steep given that this is a semi-exotic. It is hard to accept that this vehicle will depreciate down to pretty much nothing in about 10 years. The new DB11 is very similar and it will never depreciate that much!

Do you agree that the LC will depreciate like a regular car or will it be more like the depreciation of a Porsche 911?
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Old 08-17-18, 05:40 PM
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Regular car, nothing “semi-exotic” about it. My IS 350 was 12 years old, and traded it for 20% of what I paid new (pretty happy with that). Plus I’m sure I could have sold it for 25-30% private sale if I was bothered to do so. I expect LC to follow the same curve. No one can predict 10 years. Gas burning cars could be outlawed by then, and be worthless.
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Old 08-17-18, 06:50 PM
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^^^^Not so sure My '08 ISF is worth about $25K today. That's about 40% of what I paid for it 10 years ago.

Lou
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Old 08-18-18, 09:53 AM
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Try selling your LC, I ordered a Corvette ZR1 and was surprised at the offers I got on my LC 500 with 1250 miles on it in perfect condition.
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Old 08-20-18, 01:45 PM
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Originally Posted by sgtLC View Post
A few weeks back I bought my LC and I was initially looking to lease. The sales person had given me a depreciation estimate depending on how long I lease and it was 3 years worth $47k and for 4 years it was $37k, both at 15k miles/year. That seems kind of steep given that this is a semi-exotic. It is hard to accept that this vehicle will depreciate down to pretty much nothing in about 10 years. The new DB11 is very similar and it will never depreciate that much!

Do you agree that the LC will depreciate like a regular car or will it be more like the depreciation of a Porsche 911?
No way can the dealer know what the LC will be valued at in 36 months. It's going to depreciate for sure, but I don't see at 50% drop in 3 years. Time will tell. (fingers crossed)
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Old 08-21-18, 05:19 PM
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Originally Posted by sgtLC View Post
A few weeks back I bought my LC and I was initially looking to lease. The sales person had given me a depreciation estimate depending on how long I lease and it was 3 years worth $47k and for 4 years it was $37k, both at 15k miles/year. That seems kind of steep given that this is a semi-exotic. It is hard to accept that this vehicle will depreciate down to pretty much nothing in about 10 years. The new DB11 is very similar and it will never depreciate that much!

Do you agree that the LC will depreciate like a regular car or will it be more like the depreciation of a Porsche 911?
The higher the MSRP for any car the sharper the fall. I could see a 50% drop easy. Only thing that would keep this car from dropping faster than average is that it is Lexus.
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Old 08-23-18, 05:51 AM
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Originally Posted by Craig B View Post
Try selling your LC, I ordered a Corvette ZR1 and was surprised at the offers I got on my LC 500 with 1250 miles on it in perfect condition.
Do you mean surprised in a good way as in you got offered more than you thought or a bad way and much less?
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Old 08-23-18, 07:08 AM
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Originally Posted by Jules640 View Post
Do you mean surprised in a good way as in you got offered more than you thought or a bad way and much less?
In a bad way, I put it out for bids and was surprised how low the offers were. I ordered a Corvette ZR1, I wanted more horsepower and exhaust note. I should have sold it
when the fuel pump recall came out.
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Old 08-24-18, 05:46 AM
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I thought it would probably be that way.

Not sure if it is the same in the UK as they are a very rare car here.

I have had mine for almost a year and I haven't seen another one!
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Old 08-26-18, 11:36 AM
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Do you guys think the LC will be selling for 40-45K in 3 years with
with 25K -30K in mileage?

Might have to buy one then in 3 years

Love the design and everything about the car but
still have a hard time paying 125K for a Lexus.

No offense to Lexus as I owned 3 Lexus but paying
over a 100K for an LC now only to see the car depreciate
to 40K in 3 years is a lot of bills. I guess if you can eait
and do not need to be the first to own one might really
be the way to go
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Old 08-26-18, 08:25 PM
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Only bad examples/branded title cars will be below $50k in 3 years Imo and doubt they'll go much lower. For a clean titled LC500 with around 50k miles, $60k will be reasonable to pay. Still would be a lot of car for that money in 3 years. Will take a while for other vehicles to catch up to the interior of the LC. Lexus vehicles ages SUPER WELL, as long as they are properly maintained.

V.
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Old 08-27-18, 03:09 PM
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Originally Posted by jonas's RX View Post
Do you guys think the LC will be selling for 40-45K in 3 years with
with 25K -30K in mileage?

Might have to buy one then in 3 years

Love the design and everything about the car but
still have a hard time paying 125K for a Lexus.

No offense to Lexus as I owned 3 Lexus but paying
over a 100K for an LC now only to see the car depreciate
to 40K in 3 years is a lot of bills. I guess if you can eait
and do not need to be the first to own one might really
be the way to go
60% loss in 3 years is a serious stretch. I'm guessing 40%..
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Old 08-30-18, 06:57 AM
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FWIW the current residual value set by Lexus is at 48% on a 3 year lease.
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Old 08-30-18, 09:14 AM
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You all know leasing is the MOST EXPENSIVE way to finance a vehicle, right? Leasing is just another way to finace with closer to an effective 10%-15% interest rate. Run the figures and you will see. There is a reason that car companies push leasing so enthusiastically. They make more money off of the lease than the actual profit on the vehicle. Kinda like credit cards . . . . . . .

I guess it is a way for people that can't really afford the vehicle to feel like they can . . . . . . .

Last edited by DRGibbons; 08-30-18 at 10:38 AM. Reason: spelling
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Old 09-01-18, 11:54 AM
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Originally Posted by jonas's RX View Post
Love the design and everything about the car but
still have a hard time paying 125K for a Lexus.
Are there dealers out here (in Cali?) really trying to push this car for $125k? I haven't heard of anyone rolling out for more that $100k fully-optioned at this point... Even fully taxed it wouldn't hit close to $125k?
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